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DEBT ASSISTANCE AT MNP LTD IN MOOSE JAW, SASKATCHEWAN

If you’re struggling to break free from the cycle of debt — and short-term fixes are only sinking you further into debt — it’s time to consider a more permanent approach. This is where MNP LTD steps in. Our Life-Changing Debt Solutions are designed to help you say goodbye to debt once and for all. One of our Licensed Insolvency Trustees in Moose Jaw will work one-on-one with you to develop a personalized plan that works best for your unique circumstances. We’re ready to help you get back on solid financial ground, so you can successfully prepare for a debt-free future.

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Explore your options with a Licensed Insolvency Trustee

When you visit your local MNP LTD Licensed Insolvency Trustee in Moose Jaw, we’ll discuss the options that may be right for you, such as:

DEBT RELIEF

At MNP LTD, we appreciate that each debt challenge is unique. This is why one of our Licensed Insolvency Trustees will walk you through your options and help you decide on the right path to take. We’re here to provide the confidential guidance, support and unbiased advice you need to stop the cycle of debt once and for all.

BANKRUPTCY

The structured, formal process of declaring bankruptcy is intended to give individuals a fresh financial start. The process is administered by a Licensed Insolvency Trustee, who will help you complete and file all mandatory paperwork, notify your creditors, stop wage garnishments and help prevent further legal action against you.

CONSUMER PROPOSAL

In a consumer proposal, you’ll work with a Licensed Insolvency Trustee to negotiate a formal agreement between you and your creditors to make fixed monthly payments over time, up to a five-year maximum. One of the differences between a consumer proposal and bankruptcy is that you get to keep all assets — assets that could potentially be taken away in a bankruptcy.

DEBT CONSOLIDATION

If you qualify for a debt consolidation loan, all of your debts will be combined into one monthly payment, generally at an interest rate that’s lower than your current credit card debt. With debt consolidation, having only one monthly debt payment to keep track of can make it easier for you to manage your finances. Our Licensed Insolvency Trustees are accredited insolvency counsellors who will explore all of your options with you, so you can make the best decision for your circumstances and plan for a debt-free future.

INSOLVENCY

While you might see the terms “insolvency” and “bankruptcy” being used interchangeably, they have different meanings: bankruptcy is a legal declaration and process, and insolvency is a financial state in which a person cannot pay creditors on time. While an insolvent individual may decide to declare bankruptcy, there may be other alternatives to choose from, such as a consumer proposal or debt consolidation options.

Debt solutions aren’t one-size-fits-all, which is why it’s essential to get educated about your options. From learning the difference between filing for bankruptcy and making a consumer proposal to understanding the process of consolidating credit, your nearby MNP LTD bankruptcy trustee in Moose Jaw is ready to assist you one-on-one. Start your journey to a debt-free future with a free confidential consultation.